secwatch.observer — SEC 8-K summary
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Issuer:     BANNER CORP (BANR)
CIK:        0000946673
Form:       8-K
Filed at:   2022-07-21T23:59:59+00:00
Accession:  0000939057-22-000190
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Banner Q2 net income $48M ($1.39 EPS); NIM expands to 3.44%; declares $0.44 dividend
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- Net income $48.0M ($1.39 diluted EPS), up 9% QoQ but down 12% YoY from $54.4M.
- Revenue $156.2M (+13% QoQ, +4% YoY); net interest margin 3.44% vs 3.18% prior quarter.
- Provision for credit losses $4.5M (vs $7.0M recapture prior quarter); allowance 1.36% of loans.
- Branch sale gain $7.8M; repurchased 200k shares at avg $54.80 in Q2.
- Quarterly dividend $0.44/share, payable Aug 12, 2022 to holders of record Aug 2, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/946673/000093905722000190/0000939057-22-000190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/946673/000093905722000190/8kbanr63022.htm
  HTML page:      https://secwatch.observer/filing/0000939057-22-000190

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer